Common use of Effect of Merger Clause in Contracts

Effect of Merger. From and after the Effective Time, the separate existence of Republic shall cease, and the Surviving Corporation shall thereupon and thereafter, to the extent consistent with its Articles of Incorporation, possess all of the rights, privileges, immunities and franchises, of a public as well as a private nature, of each of the Constituent Corporations; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and each and every other interest of or belonging to or due to each of the Constituent Corporations shall be taken and deemed to be transferred to and vested in the Surviving Corporation without further act or deed; and the title to any real estate or any interest therein vested in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation shall thenceforth be responsible for all the liabilities, obligations and penalties of each of the Constituent Corporations; and any claim, existing action or proceeding, civil or criminal, pending by or against either of the Constituent Corporations may be prosecuted as if the Merger had not taken place, or the Surviving Corporation may be substituted in its place; and any judgment rendered against either of the Constituent Corporations may be enforced against the Surviving Corporation. Neither the rights of creditors nor any liens upon the property of either of the Constituent Corporations shall be impaired by reason of the Merger.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Republic Bancshares Inc), Agreement and Plan of Reorganization (Republic Bancshares Inc)

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Effect of Merger. From and after the Effective Time, the separate existence of Republic Acquisition Sub shall cease, and the Surviving Corporation Entity shall thereupon and thereafter, to the extent consistent with its Articles of Incorporationgoverning documents, possess all of the rights, privileges, immunities and franchises, of a public as well as a private nature, of each of the Constituent CorporationsEntities; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses chose in action, and each and every other interest of or belonging to or due to each of the Constituent Corporations Entities shall be taken and deemed to be transferred to and vested in the Surviving Corporation Entity without further act or deed; and the title to any real estate or any interest therein vested in either of the Constituent Corporations Entities shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation Entity shall thenceforth be responsible for all the liabilities, obligations and penalties of each of the Constituent CorporationsEntities; and any claim, existing action or proceeding, civil or criminal, pending by or against either of the Constituent Corporations Entities may be prosecuted as if the Merger had not taken place, or the Surviving Corporation Entity may be substituted in its place; and any judgment rendered against either of the Constituent Corporations Entities may be enforced against the Surviving CorporationEntity. Neither the rights of creditors nor any liens upon the property of either of the Constituent Corporations Entities shall be impaired by reason of the Merger.

Appears in 2 contracts

Samples: Merger Agreement (Blue Rhino Corp), Merger Agreement (Blue Rhino Corp)

Effect of Merger. From and after the Effective Time, the separate existence of Republic Acquisition Sub shall cease, and the Surviving Corporation shall thereupon and thereafter, to the extent consistent with its Articles Certificate of Incorporation, possess all of the rights, privileges, immunities and franchises, of a public as well as a private nature, of each of the Constituent Corporations; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and each and every other interest of or belonging to or due to each of the Constituent Corporations shall be taken and deemed to be transferred to and vested in the Surviving Corporation without further act or deed; and the title to any real estate or any interest therein vested in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation shall thenceforth be responsible for all the liabilities, obligations and penalties of each of the Constituent Corporations; and any claim, existing action or proceeding, civil or criminal, pending by or against either of the Constituent Corporations may be prosecuted as if the Merger had not taken place, or the Surviving Corporation may be substituted in its place; and any judgment rendered against either of the Constituent Corporations may be enforced against the Surviving Corporation. Neither the rights of creditors nor any liens upon the property of either of the Constituent Corporations shall be impaired by reason of the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Blue Rhino Corp)

Effect of Merger. From and after the Effective Time, the separate existence of Republic BankFirst shall cease, and the Surviving Corporation shall thereupon and thereafter, to the extent consistent with its Articles of Incorporation, possess all of the rights, privileges, immunities and franchises, of a public as well as a private nature, of each of the Constituent Corporations; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and each and every other interest of or belonging to or due to each of the Constituent Corporations shall be taken and deemed to be transferred to and vested in the Surviving Corporation without further act or deed; and the title to any real estate or any interest therein vested in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation shall thenceforth be responsible for all the liabilities, obligations and penalties of each of the Constituent Corporations; and any claim, existing action or proceeding, civil or criminal, pending by or against either of the Constituent Corporations may be prosecuted as if the Merger had not taken place, or the Surviving Corporation may be substituted in its place; and any judgment rendered against either of the Constituent Corporations may be enforced against the Surviving Corporation. Neither the rights of creditors nor any liens upon the property of either of the Constituent Corporations shall be impaired by reason of the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Bankfirst Corp)

Effect of Merger. From and after the Effective Time, the separate existence of Republic UCB shall cease, and the Surviving Corporation shall thereupon and thereafter, to the extent consistent with its Articles of Incorporation, possess all of the rights, privileges, immunities immunities, and franchises, of a public as well as of a private nature, of each of the Constituent Corporations; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and each all and every other interest of or belonging to or due to each of the Constituent Corporations shall be taken and deemed to be transferred to and vested in the Surviving Corporation without further act or deed; and the title to any real estate or any interest therein vested in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation shall thenceforth be responsible and liable for all the liabilities, obligations and penalties of each of the Constituent Corporations; and any claim, claim existing or action or proceeding, civil or criminal, pending by or against either of the Constituent Corporations may be prosecuted as if the Merger had not taken place, or the Surviving Corporation may be substituted in its place; and any judgment rendered against either of the Constituent Corporations may be enforced against the Surviving Corporation. Neither the rights of creditors nor any liens upon the property of either of the Constituent Corporations shall be impaired by reason of the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Southern National Corp /Nc/)

Effect of Merger. From and after the Effective Time, the separate existence of Republic First Virginia shall cease, and the Surviving Corporation shall thereupon and thereafter, to the extent consistent with its Articles of Incorporation, possess all of the rights, privileges, immunities and franchises, of a public as well as a private nature, of each of the Constituent Corporations; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and each and every other interest of or belonging to or due to each of the Constituent Corporations shall be taken and deemed to be transferred to and vested in the Surviving Corporation without further act or deed; and the title to any real estate or any interest therein vested in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation shall thenceforth be responsible for all the liabilities, obligations and penalties of each of the Constituent Corporations; and any claim, existing action or proceeding, civil or criminal, pending by or against either of the Constituent Corporations may be prosecuted as if the Merger had not taken place, or the Surviving Corporation may be substituted in its place; and any judgment rendered against either of the Constituent Corporations may be enforced against the Surviving Corporation. Neither the rights of creditors nor any liens upon the property of either of the Constituent Corporations shall be impaired by reason of the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (First Virginia Banks Inc)

Effect of Merger. From and after the Effective Time, the separate existence of Republic Matewan shall cease, and the Surviving Corporation shall thereupon and thereafter, to the extent consistent with its Articles of Incorporation, possess all of the rights, privileges, immunities and franchises, of a public as well as a private nature, of each of the Constituent Corporations; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and each and every other interest of or belonging to or due to each of the Constituent Corporations shall be taken and deemed to be transferred to and vested in the Surviving Corporation without further act or deed; and the title to any real estate or any interest therein vested in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation shall thenceforth be responsible for all the liabilities, obligations and penalties of each of the Constituent Corporations; and any claim, existing action or proceeding, civil or criminal, pending by or against either of the Constituent Corporations may be prosecuted as if the Merger had not taken place, or the Surviving Corporation may be substituted in its place; and any judgment rendered against either of the Constituent Corporations may be enforced against the Surviving Corporation. Neither the rights of creditors nor any liens upon the property of either of the Constituent Corporations shall be impaired by reason of the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Matewan Bancshares Inc)

Effect of Merger. From and after the Effective Time, the separate existence of Republic Interim shall cease, and the Surviving Corporation shall thereupon and thereafter, to the extent consistent with its Articles of Incorporation, possess all of the rights, privileges, immunities and franchises, of a public as well as a private nature, of each of the Constituent Corporations; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and each and every other interest of or belonging to or due to each of the Constituent Corporations shall be taken and deemed to be transferred to and vested in the Surviving Corporation without further act or deed; and the title to any real estate or any interest therein vested in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation shall thenceforth be responsible for all the liabilities, obligations and penalties of each of the Constituent Corporations; and any claim, existing action or proceeding, civil or criminal, pending by or against either of the Constituent Corporations may be prosecuted as if the Merger had not taken place, or the Surviving Corporation may be substituted in its place; and any judgment rendered against either of the Constituent Corporations may be enforced against the Surviving Corporation. Neither the rights of creditors nor any liens upon the property of either of the Constituent Corporations shall be impaired by reason of the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (FSF Financial Corp)

Effect of Merger. From and after the Effective Time, the separate existence of Republic First Liberty shall cease, and the Surviving Corporation shall thereupon and thereafter, to the extent consistent with its Articles of Incorporation, possess all of the rights, privileges, immunities and franchises, of a public as well as a private nature, of each of the Constituent Corporations; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and each and every other interest of or belonging to or due to each of the Constituent Corporations shall be taken and deemed to be transferred to and vested in the Surviving Corporation without further act or deed; and the title to any real estate or any interest therein vested in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation shall thenceforth be responsible for all the liabilities, obligations and penalties of each of the Constituent Corporations; and any claim, existing action or proceeding, civil or criminal, pending by or against either of the Constituent Corporations may be prosecuted as if the Merger had not taken place, or the Surviving Corporation may be substituted in its place; and any judgment rendered against either of the Constituent Corporations may be enforced against the Surviving Corporation. Neither the rights of creditors nor any liens upon the property of either of the Constituent Corporations shall be impaired by reason of the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (First Liberty Financial Corp)

Effect of Merger. From and after the Effective Time, the separate existence of Republic FirstSpartan shall cease, and the Surviving Corporation shall thereupon and thereafter, to the extent consistent with its Articles of Incorporation, possess all of the rights, privileges, immunities and franchises, of a public as well as a private nature, of each of the Constituent Corporations; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and each and every other interest of or belonging to or due to each of the Constituent Corporations shall be taken and deemed to be transferred to and vested in the Surviving Corporation without further act or deed; and the title to any real estate or any interest therein vested in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation shall thenceforth be responsible for all the liabilities, obligations and penalties of each of the Constituent Corporations; and any claim, existing action or proceeding, civil or criminal, pending by or against either of the Constituent Corporations may be prosecuted as if the Merger had not taken place, or the Surviving Corporation may be substituted in its place; and any judgment rendered against either of the Constituent Corporations may be enforced against the Surviving Corporation. Neither the rights of creditors nor any liens upon the property of either of the Constituent Corporations shall be impaired by reason of the Merger.

Appears in 1 contract

Samples: Agreement and Plan (Firstspartan Financial Corp)

Effect of Merger. From and after the Effective Time, the separate existence of Republic One Valley shall cease, and the Surviving Corporation shall thereupon and thereafter, to the extent consistent with its Articles of Incorporation, possess all of the rights, privileges, immunities and franchises, of a public as well as a private nature, of each of the Constituent Corporations; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and each and every other interest of or belonging to or due to each of the Constituent Corporations shall be taken and deemed to be transferred to and vested in the Surviving Corporation without further act or deed; and the title to any real estate or any interest therein vested in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation shall thenceforth be responsible for all the liabilities, obligations and penalties of each of the Constituent Corporations; and any claim, existing action or proceeding, civil or criminal, pending by or against either of the Constituent Corporations may be prosecuted as if the Merger had not taken place, or the Surviving Corporation may be substituted in its place; and any judgment rendered against either of the Constituent Corporations may be enforced against the Surviving Corporation. Neither the rights of creditors nor any liens upon the property of either of the Constituent Corporations shall be impaired by reason of the Merger.

Appears in 1 contract

Samples: Agreement and Plan (One Valley Bancorp Inc)

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Effect of Merger. From and after the Effective Time, the separate existence of Republic Virginia Capital shall cease, and the Surviving Corporation shall thereupon and thereafter, to the extent consistent with its Articles of Incorporation, possess all of the rights, privileges, immunities and franchises, of a public as well as a private nature, of each of the Constituent Corporations; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and each and every other interest of or belonging to or due to each of the Constituent Corporations shall be taken and deemed to be transferred to and vested in the Surviving Corporation without further act or deed; and the title to any real estate or any interest therein vested in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation shall thenceforth be responsible for all the liabilities, obligations and penalties of each of the Constituent Corporations; and any claim, existing action or proceeding, civil or criminal, pending by or against either of the Constituent Corporations may be prosecuted as if the Merger had not taken place, or the Surviving Corporation may be substituted in its place; and any judgment rendered against either of the Constituent Corporations may be enforced against the Surviving Corporation. Neither the rights of creditors nor any liens upon the property of either of the Constituent Corporations shall be impaired by reason of the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Virginia Capital Bancshares Inc)

Effect of Merger. From and after the Effective Time, the separate existence of Republic FloridaFirst shall cease, and the Surviving Corporation shall thereupon and thereafter, to the extent consistent with its Articles of Incorporation, possess all of the rights, privileges, immunities and franchises, of a public as well as a private nature, of each of the Constituent Corporations; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and each and every other interest of or belonging to or due to each of the Constituent Corporations shall be taken and deemed to be transferred to and vested in the Surviving Corporation without further act or deed; and the title to any real estate or any interest therein vested in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation shall thenceforth be responsible for all the liabilities, obligations and penalties of each of the Constituent Corporations; and any claim, existing action or proceeding, civil or criminal, pending by or against either of the Constituent Corporations may be prosecuted as if the Merger had not taken place, or the Surviving Corporation may be substituted in its place; and any judgment rendered against either of the Constituent Corporations may be enforced against the Surviving Corporation. Neither the rights of creditors nor any liens upon the property of either of the Constituent Corporations shall be impaired by reason of the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Floridafirst Bancorp Inc)

Effect of Merger. From and after the Effective Time, the separate existence of Republic the Merging Partnerships shall cease, and the Surviving Corporation Partnership shall thereupon and thereafter, to the extent consistent with its Articles Certificate of IncorporationLimited Partnership, possess all of the rights, privileges, immunities and franchises, of a public as well as of a private nature, of each of the Constituent CorporationsPartnerships; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and each all and every other interest interest, of or belonging to or due to each of the Constituent Corporations Partnerships shall be taken and deemed to be transferred to and vested vest in the Surviving Corporation Partnership without further act or deeddeed and without any transfer or assignment having occurred; and the title to any real estate property or any interest therein therein, vested in either any of the Constituent Corporations Partnerships shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation Partnership shall thenceforth be responsible and liable for all the liabilities, obligations and penalties of each of the Constituent CorporationsPartnerships; and any claim, claim existing or action or proceeding, civil or criminal, pending by or against either any of the Constituent Corporations Partnerships may be prosecuted as if the Merger had not taken place, or the Surviving Corporation Partnership may be substituted in its place; and any judgment rendered against either any of the Constituent Corporations Partnerships may be enforced against the Surviving CorporationPartnership. Neither the rights of creditors nor any liens upon the property of either any of the Constituent Corporations Partnerships shall be impaired by reason of the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Prime Medical Services Inc /Tx/)

Effect of Merger. From and after the Effective Time, the separate existence of Republic First Citizens shall cease, and the Surviving Corporation shall thereupon and thereafter, to the extent consistent with its Articles of Incorporation, possess all of the rights, privileges, immunities and franchises, of a public as well as a private nature, of each of the Constituent Corporations; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and each and every other interest of or belonging to or due to each of the Constituent Corporations shall be taken and deemed to be transferred to and vested in the Surviving Corporation without further act or deed; and the title to any real estate or any interest therein vested in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation shall thenceforth be responsible for all the liabilities, obligations and penalties of each of the Constituent Corporations; and any claim, existing action or proceeding, civil or criminal, pending by or against either of the Constituent Corporations may be prosecuted as if the Merger had not taken place, or the Surviving Corporation may be substituted in its place; and any judgment rendered against either of the Constituent Corporations may be enforced against the Surviving Corporation. Neither the rights of creditors nor any liens upon the property of either of the Constituent Corporations shall be impaired by reason of the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (First Citizens Corp /Ga/)

Effect of Merger. From Upon and after the Effective TimeDate, the separate existence of Republic Kxxxxxx shall ceasecease and shall be merged into Acquisition, and with Acquisition as the Surviving Corporation shall thereupon and thereafter, to the extent consistent with its Articles of Incorporation, possess Entity” possessing all of the rights, privileges, immunities and franchises, franchises of a public as well as or a private nature, nature of each of the Constituent Corporationsconstituent entities; and all property, real, personal and mixed, mixed and all debts due on whatever account, including subscriptions to shares and all other choses in action, and each all and every other interest of or belonging to or due to each of the Constituent Corporations constituent entities shall be taken and deemed to be transferred to and vested in the Surviving Corporation Entity without further act or deed; and the title to any real estate or any interest therein therein, vested in either any of the Constituent Corporations constituent entities shall not revert to or be in any way impaired by reason of the MergerMerger contemplated herein. The Surviving Corporation shall thenceforth Entity shall, after the Effective Date, be responsible for all the liabilities, liabilities and obligations and penalties of each of the Constituent Corporations; constituent entities (but without prejudice to the rights of Acquisition and ELC arising due to a breach by Kxxxxxx or the Stockholder of a representation, warranty or covenant contained in this Agreement), and any claimclaim existing, existing or action or proceeding, civil or criminal, proceeding pending by or against either any of the Constituent Corporations such constituent entities may be prosecuted or defended by the Surviving Entity as if the such Merger had not taken place, or the Surviving Corporation may be substituted in its place; and any judgment rendered against either of the Constituent Corporations may be enforced against the Surviving Corporation. Neither the rights of creditors nor any liens upon the property of either any of the Constituent Corporations constituent entities shall be impaired by reason of the MergerMerger contemplated herein.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Electric City Corp)

Effect of Merger. From and after the Effective Time, the separate existence of Republic Life shall cease, and the Surviving Corporation shall thereupon and thereafter, to the extent consistent with its Articles of Incorporation, possess all of the rights, privileges, immunities immunities, and franchises, of a public as well as of a private nature, of each of the Constituent Corporations; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and each all and every other interest of or belonging to or due to each of the Constituent Corporations shall be taken and deemed to be transferred to and vested in the Surviving Corporation without further act or deed; and the title to any real estate or any interest therein vested in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation shall thenceforth be responsible and liable for all the liabilities, obligations and penalties of each of the Constituent Corporations; and any claim, claim existing or action or proceeding, civil or criminal, pending by or against either of the Constituent Corporations may be prosecuted as if the Merger had not taken place, or the Surviving Corporation may be substituted in its place; and any judgment rendered against either of the Constituent Corporations may be enforced against the Surviving Corporation. Neither the rights of creditors nor any liens upon the property of either of the Constituent Corporations shall be impaired by reason of the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Life Bancorp Inc)

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